Kent Conrad: “Any prudent person, I think, would say, we are going to have to make some changes.”

It takes guts to do that, and Chairman Arrington, you have certainly led the charge on having a commission.

I do, and I made that argument to the commission, and others on the commission made some of the points that you are making now.

I wish I could look you in the eye and say, you know, if we just had the will, we could reverse this, and we could go back to a time when defined benefit plans were on the increase. I do not think that is in the cards.

I would just say our Retirement Security Plans and our Retirement Security Clearinghouses are responding to the underlying dynamic that Professor Mead has done such a good job in describing.